Resources for Trustees
Understand climate-related risks and opportunities and build climate competence to improve effective fund management.
Climate-related Legal Risks for Financial Institutions: Executive Brief
Introduction Financial sector risk leaders, risk managers, and board risk committees are increasingly aware of climate-related legal risks to financial institutions. In Canada, the Office of the Superintendent of Financial Institutions (OSFI) has identified liability risk as a source of climate-related financial risk facing deposit-taking institutions, insurance companies, and pension funds. These risks include regulatory […]
Read moreClimate Change 2021: The Physical Science Basis
The Working Group I contribution to the Sixth Assessment Report addresses the most up-to-date physical understanding of the climate system and climate change, bringing together the latest advances in climate science, and combining multiple lines of evidence from paleoclimate, observations, process understanding, and global and regional climate simulations.
Read moreAll Hands On Deck: Opportunities for Investment Management Firms to Advance Reconciliation
Investment management firms can play an important role in advancing reconciliation and Indigenous rights recognition as employers, economic actors, shareholders, capital providers and, for those with Indigenous clients, stewards of Indigenous wealth. With input from 48 Canadian investment managers and advisors, RRII developed a framework to describe actions that investment managers can take to advance […]
Read moreFollowing the Footpath to Mandatory TCFD Disclosure in the United Kingdom: Lessons for Canadian and Other Regulators
Regulators in Canada and elsewhere are considering regulatory changes to accelerate the transition towards net-zero carbon emissions. Part of that consideration is whether to adopt the Taskforce on Climate-related Financial Disclosures (TCFD) four pillar framework of governance, strategy, risk management, and metrics and targets. We can learn from regulators that have already adopted measures, in […]
Read moreMeasuring Portfolio Alignment: Technical Supplement
The Task Force conducted a public consultation from October 29, 2020–January 28, 2021, to gather feedback on potential forward-looking metrics for financial institutions. In conjunction with this consultation, the Portfolio alignment Team (PAT) issued a report in 2020 titled Measuring Portfolio Alignment: Assessing the Position of companies and Portfolios on the Path to Net Zero. […]
Read moreProposed Guidance on Climate-related Metrics, Targets, and Transition Plans
In 2017, the Financial Stability Board’s (FSB’s) Task Force on Climate-related Financial Disclosures (the Task Forceor TCFD) provided three recommended disclosures regarding climate-related metrics and targets (Figure A1) as well as guidance for all sectors and supplemental guidance for specific sectors supporting implementation of these recommended disclosures. When the Task Force issued its Final Recommendations […]
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